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MSEX

MSEX - Middlesex Water Co Stock Price, Fair Value and News

48.78USD-0.30 (-0.61%)Delayed as of 25 Apr 2024, 09:35 am ET

Market Summary

MSEX
USD48.78-0.30
Delayedas of 25 Apr 2024, 09:35 am
-0.61%

MSEX Alerts

  • 1 major insider sales recently.

MSEX Stock Price

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MSEX RSI Chart

MSEX Valuation

Market Cap

874.7M

Price/Earnings (Trailing)

27.75

Price/Sales (Trailing)

5.26

EV/EBITDA

16.72

Price/Free Cashflow

-23.39

MSEX Price/Sales (Trailing)

MSEX Profitability

EBT Margin

19.59%

Return on Equity

7.45%

Return on Assets

2.55%

Free Cashflow Yield

-4.28%

MSEX Fundamentals

MSEX Revenue

Revenue (TTM)

166.3M

Rev. Growth (Yr)

-0.57%

Rev. Growth (Qtr)

-17.37%

MSEX Earnings

Earnings (TTM)

31.5M

Earnings Growth (Yr)

-19.6%

Earnings Growth (Qtr)

-42.29%

Breaking Down MSEX Revenue

52 Week Range

48.7284.38
(Low)(High)

Last 7 days

7.0%

Last 30 days

-2.7%

Last 90 days

-15.4%

Trailing 12 Months

-36.6%

How does MSEX drawdown profile look like?

MSEX Financial Health

Current Ratio

1.05

Debt/Equity

0.86

Debt/Cashflow

0.14

MSEX Investor Care

Dividend Yield

2.57%

Dividend/Share (TTM)

1.26

Shares Dilution (1Y)

1.02%

Diluted EPS (TTM)

1.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023164.4M167.5M166.5M166.3M
2022146.8M149.8M157.6M162.4M
2021142.4M143.8M143.7M143.1M
2020135.7M137.6M139.7M141.6M
2019137.6M136.1M135.1M134.6M
2018131.8M133.7M136.3M138.1M
2017132.4M132.7M131.1M130.8M
2016127.8M128.9M132.0M132.9M
2015118.7M121.2M123.2M126.0M
2014115.0M115.1M116.5M117.1M
2013113.9M115.6M114.5M114.8M
2012101.6M102.9M106.6M110.4M
2011105.1M104.7M103.7M102.1M
2010095.1M98.9M102.7M
200900091.2M
Get all data in R, Python etc through our Historical Stock Data APIs
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Tracking the Latest Insider Buys and Sells of Middlesex Water Co

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 01, 2024
sohler bernadette m
sold (taxes)
19,792
52.5
377
vp-corporate affairs
Apr 01, 2024
hanemann kim c
acquired
44,992
52.5
857
-
Apr 01, 2024
sohler bernadette m
acquired
47,460
52.5
904
vp-corporate affairs
Apr 01, 2024
noble ann l.
acquired
44,992
52.5
857
-
Apr 01, 2024
ginegaw lorrie beth
acquired
49,455
52.5
942
vp, human resources, mba
Apr 01, 2024
reinhard walter g
acquired
44,992
52.5
857
-
Apr 01, 2024
doll dennis w
acquired
37,485
52.5
714
-
Apr 01, 2024
klein steven m
acquired
44,992
52.5
857
-
Apr 01, 2024
andreasen g. christian jr.
sold (taxes)
6,037
52.5
115
vp-enterprise engineering
Apr 01, 2024
oconnor a bruce
sold
-149,520
52.5
-2,848
sr. vp & cfo

1–10 of 50

Which funds bought or sold MSEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 23, 2024
Louisiana State Employees Retirement System
reduced
-1.12
-122,018
462,000
 0.01%
Apr 23, 2024
Main Street Financial Solutions, LLC
unchanged
-
-137,064
548,468
 0.06%
Apr 23, 2024
Global Retirement Partners, LLC
unchanged
-
-10,997
73,830
 -%
Apr 23, 2024
Alpha Cubed Investments, LLC
sold off
-100
-251,981
-
 -%
Apr 23, 2024
FIFTH THIRD BANCORP
added
215
10,120
16,748
 -%
Apr 23, 2024
AMALGAMATED BANK
reduced
-24.74
-200,000
302,000
 -%
Apr 23, 2024
RATIONAL ADVISORS LLC
sold off
-100
-15,814
-
 -%
Apr 22, 2024
Raymond James Financial Services Advisors, Inc.
reduced
-1.44
-111,011
413,891
 -%
Apr 22, 2024
Hanson & Doremus Investment Management
unchanged
-
-4,000
16,000
 -%
Apr 22, 2024
MetLife Investment Management, LLC
unchanged
-
-5,838
608,101
 -%

1–10 of 50

Are Funds Buying or Selling MSEX?

Are funds buying MSEX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MSEX
No. of Funds

MSEX Alerts

Unveiling Middlesex Water Co's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
8.01%
1,427,157
SC 13G/A
Jan 22, 2024
state street corp
3.97%
706,598
SC 13G/A
Jan 19, 2024
blackrock inc.
18.4%
3,272,519
SC 13G/A
Jan 12, 2024
first trust portfolios lp
7.75%
1,380,732
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
0.1%
10,529
SC 13G/A
Feb 10, 2023
state street corp
3.59%
632,715
SC 13G/A
Feb 10, 2023
state street corp
10.59%
1,867,863
SC 13G/A
Feb 09, 2023
vanguard group inc
8.07%
1,424,068
SC 13G/A
Jan 26, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A
Jan 20, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A

Recent SEC filings of Middlesex Water Co

View All Filings
Date Filed Form Type Document
Apr 11, 2024
DEF 14A
DEF 14A
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 02, 2024
4
Insider Trading

Peers (Alternatives to Middlesex Water Co)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
AEP
44.8B
19.0B
 4.22% -8.49%
20.26
2.36
 -3.35% -4.03%
AWK
23.6B
4.2B
 3.63% -20.36%
25.04
5.58
 11.66% 15.12%
AEE
19.9B
7.5B
 4.59% -17.67%
17.2
2.65
 -5.74% 7.23%
ATO
17.9B
3.9B
 2.22% 2.07%
19.35
4.53
 -15.47% 16.09%
NRG
15.1B
28.8B
 6.59% 113.21%
-74.78
0.52
 -8.62% -116.54%
AGR
14.3B
8.3B
 3.52% -9.97%
15.99
1.73
 0.05% 30.98%
AES
12.3B
12.7B
 5.59% -26.15%
61.84
0.97
 0.40% 141.39%
CPK
2.4B
670.6M
 1.65% -16.34%
27.23
3.54
 -1.48% -2.88%
MID-CAP
PNW
8.5B
4.7B
 2.70% -7.89%
16.3
1.8
 8.59% 3.59%
ALE
3.5B
1.9B
 2.48% -5.47%
13.97
1.84
 19.68% 30.53%
AVA
2.8B
1.7B
 6.05% -19.70%
16.34
1.61
 2.36% 10.31%
SMALL-CAP
CWCO
394.3M
180.2M
 -16.11% 45.99%
13.26
2.19
 91.50% 388.02%
CDZI
152.2M
2.0M
 -10.28% -45.17%
-4.84
75.74
 33.96% -26.84%
VIA
35.0M
436.8M
 -0.18% 4.11%
2.34
0.08
 -5.23% 97.61%
CREG
8.8M
-
 0.91% -27.45%
-11.84
12.3
 -88.45% 83.25%

Middlesex Water Co News

Latest updates
MarketBeat • 44 hours ago
46,085 Shares in Middlesex Water (NASDAQ:MSEX) Purchased by Foundry Partners LLC
Markets Insider • 11 Mar 2024 • 07:00 am
Over $1M Bet On EchoStar? Check Out These 3 Stocks Insiders Are Buying
Quartz • 29 Feb 2024 • 08:00 am
Middlesex Water: Q4 Earnings Snapshot
TipRanks • 2 months ago
Middlesex Water Company Declares Quarterly Cash Dividend.com - TipRanks
GlobeNewswire • 2 months ago
Middlesex Water Company Declares Quarterly Cash Dividend
Simply Wall St • 4 months ago
Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) Price
Yahoo Finance • 4 months ago
Middlesex Water (NASDAQ:MSEX) investors are sitting on a loss of 25% if they invested a year ago
Simply Wall St • 5 months ago
The one-year shareholder returns and company earnings persist lower as Middlesex Water (NASDAQ:MSEX) stock falls a further 9.1% in past week
Yahoo Finance • 5 months ago
Does The Market Have A Low Tolerance For Middlesex Water Company's (NASDAQ:MSEX) Mixed Fundamentals?
InvestorPlace • 7 months ago
3 Must-Have Dividend Kings for Every Retiree's Portfolio

Middlesex Water Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In null)
Income Statement (Quarterly)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-17.4%38,60246,71542,80138,15638,82347,73239,68336,19634,02539,87436,70132,54134,62639,92035,27731,76932,73837,76933,39330,69833,268
Operating Expenses-10.4%30,36033,89332,13230,66630,67631,15729,59528,90527,68628,45026,88726,90726,29526,74325,89225,24225,18025,78624,44323,67026,115
EBITDA Margin-0.4%0.44*0.45*0.47*0.47*0.50*0.51*0.49*0.50*0.46*0.44*0.45*----------
Interest Expenses7.4%3,7793,5183,2512,5952,7932,3552,3691,8502,2052,1012,0701,7381,9721,9061,9461,6692,2801,9961,7881,2001,829
Income Taxes-113.7%-102746-3417381481,968795329-1,829-1,065-1,621-973-1,603-69.00-1,145-1,302-2,188-265-421-266-759
Earnings Before Taxes-47.3%5,66310,7369,5606,6067,31916,2599,66312,4295,40810,4119,3025,9346,70412,6688,5686,3665,88310,8547,7256,2866,234
EBT Margin-4.7%0.20*0.21*0.24*0.24*0.28*0.28*0.25*0.26*0.22*0.23*0.24*----------
Net Income-42.3%5,7659,9909,9015,8687,17014,2918,86812,1007,23711,47610,9236,9078,30712,7379,7137,6688,07111,1198,1466,5526,993
Net Income Margin-4.1%0.19*0.20*0.22*0.22*0.26*0.27*0.26*0.28*0.26*0.26*0.27*----------
Free Cashflow63.3%-4,309-11,740-12,803-8,545-8,276-9,216-9,826-2,656-3,743-10,686-19,330----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.6%1,2361,2431,1281,0991,0741,0651,0381,0741,0201,0301,015986976960951935910887808783768
  Current Assets-20.1%10913641.0040.0037.0041.0039.0033.0034.0041.0037.0031.0034.0038.0044.0040.0029.0035.0032.0030.0031.00
    Cash Equivalents-19.5%2.003.004.005.004.003.004.003.004.005.006.004.0010.0028.0042.0053.0046.0057.004.007.006.00
  Current Liabilities-14.4%10412188.0096.0011893.0079.0060.0057.0092.0081.0066.0057.0085.0084.0081.0065.0010310393.0094.00
  Short Term Borrowings-43.00---56.00----------------
  Long Term Debt1.2%365361367346306307311311311270277277277238242238234232174168163
    LT Debt, Current4.0%8.007.0017.0017.0017.008.008.007.007.007.007.007.007.007.007.007.007.007.007.007.007.00
    LT Debt, Non Current1.1%358354350330290301305307307266273273273234238235231228164158153
Shareholder's Equity0.8%423420411403400398386378368---346--------
  Retained Earnings-0.1%17617617216816716615715314614413713112912511711210910598.0094.0091.00
Shares Outstanding0.4%18.0018.00--18.0018.0018.0018.00-17.0017.0017.0017.00--------
Float---1,396---1,505---1,393---1,152---942--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations19.6%12,79610,69913,31715,97017,12017,38012,88613,97514,3904,0595,1379,44216,06516,5084,64416,13812,70511,7283,9567,66413,001
  Share Based Compensation0%4244241,006360360361642267305273557203276188470162228-294474229327
Cashflow From Investing23.8%-17,105-22,439-26,120-24,515-25,396-26,596-22,712-13,509-18,133-14,745-24,467-22,033-34,834-25,368-20,270-25,147-27,905-25,522-23,374-12,324-22,576
Cashflow From Financing-63.9%3,72910,33312,3189,5799,1967,80410,852-7051,9949,78121,3086,396986-5,0854,45715,8114,62166,71216,7905,7879,701
  Dividend Payments5.2%5,8415,5515,5365,5135,5125,1145,0975,0875,0794,7674,7654,7624,7604,4764,4744,4684,2723,9873,9633,9433,937
  Buy Backs----------------------

MSEX Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Operating Revenues$ 166,274$ 162,434$ 143,141
Operating Expenses:   
Operations and Maintenance83,11379,09673,671
Depreciation25,19423,02921,109
Other Taxes18,74418,20815,150
Total Operating Expenses127,051120,333109,930
Gain on Sale of Subsidiary5,232
Operating Income39,22347,33333,211
Other Income (Expense):   
Allowance for Funds Used During Construction2,4332,3142,653
Other Income (Expense), net4,0525,3893,305
Total Other Income, net6,4857,7035,958
Interest Charges13,1439,3678,114
Income before Income Taxes32,56545,66931,055
Income Taxes1,0413,240(5,488)
Net Income31,52442,42936,543
Preferred Stock Dividend Requirements120120120
Earnings Applicable to Common Stock$ 31,404$ 42,309$ 36,423
Earnings per share of Common Stock:   
Basic (in Dollars per share)$ 1.77$ 2.4$ 2.08
Diluted (in Dollars per share)$ 1.76$ 2.39$ 2.07
Common Shares Outstanding :   
Basic (in Shares)17,73217,59717,492
Diluted (in Shares)17,84717,71217,607

MSEX Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]  
Water Production$ 303,791$ 249,153
Transmission and Distribution809,862735,138
General100,59397,581
Construction Work in Progress19,63653,570
TOTAL1,233,8821,135,442
Less Accumulated Depreciation235,540214,891
UTILITY PLANT - NET998,342920,551
Cash and Cash Equivalents2,3903,828
Accounts Receivable, net of allowance for uncollectible accounts of $2,137 and $2,326, respectively18,17216,018
Litigation Settlement Receivable69,872
Unbilled Revenues9,2978,659
Materials and Supplies (at average cost)6,9726,177
Prepayments1,8332,624
TOTAL CURRENT ASSETS108,53637,306
Operating Lease Right of Use Asset3,1853,826
Preliminary Survey and Investigation Charges1,9322,806
Regulatory Assets90,69490,046
Non-utility Assets - Net11,52211,207
Employee Benefit Plans21,7798,689
Other6219
TOTAL OTHER ASSETS129,174116,593
TOTAL ASSETS1,236,0521,074,450
CAPITALIZATION AND LIABILITIES  
Common Stock, No Par Value246,764233,054
Retained Earnings176,227167,274
TOTAL COMMON EQUITY422,991400,328
Preferred Stock2,0842,084
Long-term Debt358,153290,280
TOTAL CAPITALIZATION783,228692,692
Current Portion of Long-term Debt7,74017,462
Notes Payable42,75055,500
Accounts Payable27,61824,847
Litigation Settlement Payable6,237
Accrued Taxes10,53512,162
Accrued Interest3,1382,535
Unearned Revenues and Advanced Service Fees1,3901,365
Other4,4213,988
TOTAL CURRENT LIABILITIES103,829117,859
COMMITMENTS AND CONTINGENT LIABILITIES (Note 4)
Customer Advances for Construction21,31321,382
Lease Obligations3,0633,706
Accumulated Deferred Income Taxes88,73677,783
Regulatory Liabilities113,02146,734
Other592919
TOTAL OTHER LIABILITIES226,725150,524
CONTRIBUTIONS IN AID OF CONSTRUCTION122,270113,375
TOTAL CAPITALIZATION AND LIABILITIES$ 1,236,052$ 1,074,450

About Middlesex Water Co

MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
 CEO
 WEBSITEmiddlesexwater.com
 INDUSTRYUtilities Regulated Electric
 EMPLOYEES350

Middlesex Water Co Frequently Asked Questions

What is the ticker symbol for Middlesex Water Co? What does MSEX stand for in stocks?

MSEX is the stock ticker symbol of Middlesex Water Co. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Middlesex Water Co (MSEX)?

As of Wed Apr 24 2024, market cap of Middlesex Water Co is 874.69 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers. The fair value of Middlesex Water Co is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Middlesex Water Co is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Middlesex Water Co a good stock to buy?

The fair value guage provides a quick view whether MSEX is over valued or under valued. Whether Middlesex Water Co is cheap or expensive depends on the assumptions which impact Middlesex Water Co's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSEX.

What is Middlesex Water Co's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, MSEX's PE ratio (Price to Earnings) is 27.75 and Price to Sales (PS) ratio is 5.26. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Middlesex Water Co's stock?

In the past 10 years, Middlesex Water Co has provided 0.112 (multiply by 100 for percentage) rate of return.